Mohawk Industries, Inc. (MHK) Holdings Increased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,689 shares of the company’s stock after acquiring an additional 191 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Mohawk Industries were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc raised its stake in shares of Mohawk Industries by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 6,421,024 shares of the company’s stock worth $1,125,927,000 after buying an additional 29,538 shares in the last quarter. BlackRock Inc. raised its stake in shares of Mohawk Industries by 5.6% in the 4th quarter. BlackRock Inc. now owns 4,221,721 shares of the company’s stock worth $493,771,000 after buying an additional 223,512 shares in the last quarter. FMR LLC raised its stake in shares of Mohawk Industries by 16.3% in the 4th quarter. FMR LLC now owns 2,867,479 shares of the company’s stock worth $335,381,000 after buying an additional 402,710 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Mohawk Industries in the 1st quarter worth $172,158,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mohawk Industries by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,183,033 shares of the company’s stock worth $138,375,000 after buying an additional 30,054 shares in the last quarter. 81.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MHK opened at $137.12 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.68 and a current ratio of 1.37. The firm has a market capitalization of $10.04 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.50 and a beta of 1.53. Mohawk Industries, Inc. has a 52-week low of $109.35 and a 52-week high of $228.49.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.06. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.01 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 10.77 EPS for the current fiscal year.

MHK has been the topic of a number of research reports. SunTrust Banks boosted their price objective on Mohawk Industries to $150.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. They noted that the move was a valuation call. Zacks Investment Research raised Mohawk Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Buckingham Research initiated coverage on Mohawk Industries in a research note on Friday, February 1st. They issued an “underperform” rating and a $116.00 price objective on the stock. Wells Fargo & Co boosted their price objective on Mohawk Industries from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Monday, February 11th. Finally, Loop Capital boosted their price objective on Mohawk Industries to $126.00 and gave the stock an “underperform” rating in a research note on Friday, February 8th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $149.53.

In related news, VP Rodney David Patton sold 2,260 shares of Mohawk Industries stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $133.50, for a total value of $301,710.00. Following the transaction, the vice president now directly owns 9,134 shares in the company, valued at approximately $1,219,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.00% of the company’s stock.

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Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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